Castings rises on upbeat H2 revenue outlook

Castings

07/10/2022 09:01

** Shares of iron casting company Castings Plc  CGS.L  jump
6% to 296p, set for best day in almost four months if gains hold
    ** Co sees an increase in H2 revenue, helped by higher unit
cost for power being surcharged to its customers  urn:newsml:reuters.com:*:nTUC6X73DD
    ** Says demand for its heavy trucks, which make up 70% of
group revenue, remains strong in HY
    ** Continues to pass on input price changes to customers
through price increases
    ** CGS says it continues to trade in line with market views
    ** Including sessions' gains, stock down ~17% YTD
 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))